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The boreholes, part of IHS Nigeria’s ongoing collaboration with UNICEF, are designed to help prevent waterborne diseases and mitigate health risks for flood-affected residents.
This follows a brief uptick between Aug. 6 and 10, when his stake gained $4.61 million amid a fleeting share price recovery.
This comes after a substantial gain of $7.4 million recorded between April 17 and May 1, when the market value of his stake skyrocketed from $43.41 million to $50.81 million.
The recent double-digit decline in IHS Holdings shares has led to a $6-million decline in the market value of Darwish’s stake in the leading telecom infrastructure giant.
Darwish, chairman and CEO of IHS Holding, a major figure in African telecom, holds a significant 4.17-percent ownership stake, or 13,958,158 ordinary shares.
Darwish, the chairman and CEO of IHS, stands among the prominent figures in the African telecom sector, boasting a 4.17-percent stake in IHS Holding.
Under the groundbreaking move, Airtel Nigeria has committed to securing 3,950 tenancies over the next five years.
Darwish, the chairman and CEO of IHS, who ranks as one of the top figures in the African telecom industry, holds a substantial 4.17-percent stake in the group.
Despite this decline, Darwish remains a prominent figure in the telecom industry.
Founded in 2001 by Darwish, IHS has solidified its position as the largest telecom infrastructure group in Africa, Europe, Latin America, and the Middle East.
This recent paper loss comes on the heels of the impressive $70-million gain he recorded between Oct. 27 and Nov. 14